Trading Plan for Dec-11-2019

CHWY – Chewy, Inc.

Big Picture SPY:


Downtrend on the daily chart, very good volume coming down but prices held. S1 is nearby at 312.77


Downtrend on the 30-MIN chart. Sellers are in control. See if can hold S1 312.17

If doesn´t be aware of S2 at 312.00


Still cannot break long resistance/all-time highs at 315.63

Long support still at 302.01

Technicals CHWY:


ATR: 1.36

GAP:  5.10

R.VOL: 3.92

Avg. VOL:  2.32 M

Short FLOAT: 31.80%

Institutional Ownership: 747.13 %

Closest Support: 23.80

S2: 22.80


On the 30 Min chart, uptrend, buyers are in control. Good volume on the last day – 10-12-2019 at opening drive.

Be aware of long resistance at 26.35


Closest support at 24.95

Clear skies till 26.30 – resistance.

Unless a big change in the market, it’s a buy if holds 25.00 or above. Probably price will come down for VWAP and if bounces a buy.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s